内容正文:
The rising use of the RMB helps boost world financial stability
货币多极化趋势日益明晰
Recently, there 1___________(be) a rise in the global use of the Chinese renminbi in trade, financing and reserve management.
China and Brazil reached a deal to trade in their own currencies (货币) on March 29. This means that people can exchange the Chinese renminbi for reais (雷亚尔) and vice versa (反之亦然), instead of going through the US dollar.
The Brazilian central bank said on March 31 that the renminbi 2___________(surpass) (超过) the euro and is now the second-biggest share of Brazil’s international exchange reserves.
China serves 3_________ a manufacturing powerhouse (制造业大国) and the renminbi’s value is stable. These two factors have contributed to the growing role of the renminbi, experts said.
The 4_________(rise) use of the renminbi will contribute to global financial 5 ______________(stable) . A more diversified international monetary (货币的) system – as opposed to a dollar-centered one –_6__________(help) reduce the risks brought by fluctuations (波动) in the dollar’s value caused by ongoing US financial turmoil (混乱) and increasing US government debt, according to Shao Yu, chief economist at Orient Securities. What’s more, the use of the renminbi creates a win-win situation for China as well as its trade and investment partners. It can reduce the losses 7___________(cause) by exchange rate fluctuations.
According to Huang Yiping, an expert at Peking University, if a country uses its own currency to trade, it can also solve the problem of currency mismatch (货币错配). Huang said that many developing countries usually have debts in foreign currencies, mainly the US dollar.8_________, their assets (资产) are generally in their own currencies. “Normally it’s balanced, but 9_______ something happens and a country’s currency depreciates (贬值), its assets will be not enough 10 ___________(pay) for the debts, which might lead to panic and financial crisis,” Huang said.
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